Commentary on whatever I am thinking about, usually written while watching baseball.

Monday, September 29, 2008

Crisis of confidence

Oh, good. All my concerns about the wisdom of handing over $700 billion to the same greedy criminal shitheads who drove our economy off a cliff are relieved.

Bush confident bailout bill will stabilize economy

WASHINGTON - Key supporters of a Wall Street bailout package prodded lawmakers to approve the plan hours ahead of a difficult House vote on Monday, with President Bush saying it is needed to "keep the crisis in our financial system from spreading throughout our economy."

"Every member of Congress and every American should keep in mind that a vote for this bill is a vote to prevent economic damage to you and your community," said Bush, fully aware that congressional passage of the $700 billion compromise legislation is far from assured.

Even after the Bush administration’s expensive tax breaks for the rich and all the money it has funneled to its friends and political allies over the past eight years, the disastrous shape of the economy and the struggles of what’s left of the middle class have done nothing to shake conservatives’ confidence that the best way to help the nonrich is to stuff as much money as possible into the pockets of the rich.

Of course, Bush uses the only tactic in the GOP bag, fear, to pressure lawmakers to vote for this unprecedencted giveaway of nearly $1 trillion.

As for the story’s headline, the fact that Bush is confident in something is, to me, an indication that it won’t happen or just won’t work. For a list of other things Bush has been confident about during his reign of failure, click here. Some of the administration’s greatest hits are covered, including Bush’s confidence that Bin Laden will be captured, that Iraqi WMD will be found, that he’s winning the Socical Security “debate” and many more.